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Matt Babcock of Wolters Kluwer on how digital transformation continues to gain steam in auto financing
Matt Babcock, who heads up digital lending product strategy for Wolters Kluwer, returned for another visit on the Auto Remarketing Podcast. Wolter Kluwer recently released its latest quarterly Auto Finance Digital Transformation Index. Babcock recapped the sustained upward trajectory the ... Listen Here
SPONSORED EPISODE: The Buy Online Shift & What Dealers Need to Know Now
In this sponsored episode of the Auto Remarketing Podcast, Cox Automotive’s Jeri Reichel joins us to speak to the evolving Buy Online experience. She shares more about how shopper expectations are changing and what dealers should understand and do as ... Listen Here
The Spark Between EVs & CPO
In light of electric vehicle maker VinFast launching a certified pre-owned program in the U.S., Auto Remarketing senior editor Joe Overby connects with leaders from the EV space to discuss why the segment is a natural fit for CPO and ... Listen Here

Total July bankruptcy filings spike 24% year-over-year

bankruptcy
BHPH Report Staff
Economists on Monday discussed whether the U.S. already is in a recession. The newest bankruptcy data provided by Epiq AACER might reinforce the point-of-view from experts who see things already in a recessionary state. Also surfacing Monday, Epiq reported total ... [Read More]

New survey reflects small businesses’ hope for elected leaders, economy & more

NIADA gearing up for annual Capitol Hill event
BHPH Report Staff
The National Independent Automobile Dealers Association makes its annual pilgrimage to Capitol Hill in September, and National Write Your Congressman (NWYC) gave another view about how those operators might be feeling when they travel to Washington, D.C. NWYC, another organization ... [Read More]

Pennsylvania parolee sentenced to 30 months in federal prison for odometer fraud scheme

BHPH Report Staff
Earlier this month, a Pennsylvania man already on parole was sentenced to 30 months’ imprisonment by U.S. District Court Judge Christopher Conner following his conviction for odometer tampering and forging vehicle titles. The U.S. Attorney’s Office for the Middle District ... [Read More]

SmartGroups to launch BHPH & LHPH 20 groups this fall

BHPH Report Staff
SmartGroups is expanding its 20 group program for dealerships into the buy-here, pay-here and lease-here, pay-here spaces. The company said on Thursday that its inaugural meetings for these new groups are scheduled for October in Charlotte, N.C. “At SmartGroups, we ... [Read More]

PassTime claims 2024 IoT Evolution Product of the Year Award

BHPH Report Staff
PassTime is celebrating more than recovered vehicles this week. The company announced that Encore has received a 2024 IoT Evolution Product of the Year Award from IoT Evolution World, a leading website covering internet of things technologies. PassTime Encore is ... [Read More]

COMMENTARY: Reinforcing 4 basics of bankruptcy

COMMENTARY: I hate my job — post-repossession Article 9 letters
Steve Levine, Ignite Consulting Partners
It seems that at least once a week, a bankruptcy question comes up in one of the dealer/creditor social media groups that we follow. The questions usually involve either selling a vehicle to someone that has filed bankruptcy or repossessing ... [Read More]

Bankruptcy experts see filings continue upward trajectory at 2024 midpoint

BHPH Report Staff
With bankruptcy filings already on a notable upward trajectory, experts pointed out why the next six to 18 months merit particular watching by dealerships, finance companies and other operations with a vested interest in bankruptcy. According to data provided by ... [Read More]

PODCAST: Gene Daughtry on how dealers are doing in 2024

BHPH Report Staff
No one should blame Gene Daughtry if he often hums the Johnny Cash song “I’ve Been Everywhere.” After all, the senior consultant for Auto Master Systems likely has been to many of the same cities included in the chorus of ... [Read More]

Surviving the squeeze: How dealerships can thrive amid rising prices

BHPH evolution: Key to success in a recovering auto industry
Tiger Okeley, Oak Motors
Over the past three years, soaring prices have hit American consumers hard. The cost of food, fuel, and shelter have all risen dramatically, along with the goods and services we purchase every day. The car market certainly hasn’t escaped these ... [Read More]

COMMENTARY: Fire blocks and dealership compliance management

Joe Allen, Ignite Consulting Partners
Recently, I was at an industry event listening to a panel discussion about best practices when handling “heated” customer situations. One of the panelists shared a philosophy that struck a chord. He said, “Hopefully I have done a good job ... [Read More]

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